London - A former executive in charge of online banking security at Britain's Lloyds Banking Group pleaded guilty on Tuesday to fraud and money laundering totalling more than £2.4m ($3.8m).
Jessica Harper admitted to submitting false invoices to claim payments over four years while working as head of fraud and security for digital banking at the UK retail lender.
"Harper has today been convicted of the type of crime the bank employed her to combat," said Sue Patten, head of the fraud division at Britain's prosecution service.
The 50-year-old, from London, was arrested in December. She pleaded guilty to one charge of fraud by abuse of position and one charge of money laundering at Southwark Crown Court on Tuesday.
She is accused of taking the money from late 2007 to 2011.
Harper was refused bail and will be sentenced in September.
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